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Stefan Pühringer

Socioeconomist, Deputy Head of the Institute for Comprehensive Analysis of the Economy (ICAE) and Head of the Socio-Ecological Transformation Lab at Johannes Kepler University Linz.

Oct 1, 2026

20:36
Can you talk a little bit about what you did and what your findings were?
20:39
Yeah, yeah, pretty good.
20:40
So, as you mentioned, I was also somehow thinking, yeah, now I'm really right on this ecological, how mainstream economic reasoning somehow provides this ecological turn and also these, yeah, also kind of ecological issues hardly present anywhere in mainstream economics, but As you mentioned now, the financial crisis, this was also kind of my main motivation and also for my PhD thesis, which was really on this topic.
21:05
Why is there not any sign of change in economics? So I entitled it the strange non-crisis of economics because it was really somehow the financial crisis proved such a strong indication that something is wrong.
21:19
particularly in this very unregulated financial market system, which is rather closely, at least closer related to this very abstract way of a perfect functioning market system.
21:31
And then we have a huge crisis coming out of this financial sector.
21:34
And at least for a few weeks, a month, also economic experts were somehow puzzled that did not really foresee this crisis coming and that this has really such a huge implications and consequences afterwards.

15 MINS LATER

36:46
Maybe this is the moment actually we can start to talk about what the implications are then for policy.

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